Kongsberg Automotive ASA Q2 2019 Report and Presentation follow attached.
Q2 2019 Highlights:
· Revenues grew by MEUR 6 (2.0%) YoY to MEUR 294 including positive FX effects of MEUR 4. This despite a declining market.
· Excluding FX effects, our growth rate was 1% compared to a passenger car market decline of 6%.
· We were awarded new business worth MEUR 110 in annual revenues which corresponds to MEUR 463 in expected lifetime revenues.
· Adj. EBIT amounted to MEUR 20.4 with no FX effects; MEUR 0.4 lower than Q2 2018.
· The mostly macro related unfavorable impacts